Cheap Apartments for Rent in the Downtown Morristown Neighborhood of Morristown, NJ from $1,100 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Morristown area of Morristown.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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16 Washington St
2 Bedroom Apartments

16 Washington St

16 Washington StMorristown, NJ 07960
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Modera 44
Studio to 2 Bedroom Apartments

Modera 44

44 Prospect StMorristown, NJ 07960
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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Max on Morris
Studio to 2 Bedroom Apartments

Max on Morris

175 Morris StMorristown, NJ 07960
Showing Results 1-31, Page 1 of 1

Downtown Morristown, Morristown, NJ Local Guide

Cheapest Available Downtown Morristown Apartments for Rent

 

The cheapest available apartment rental in the Downtown Morristown area of Morristown, NJ is a Studio unit found at Modera 44 priced from $2,265. Washington Park Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,275. Here are the most affordable Downtown Morristown apartments for rent in Morristown, NJ:

Apartment ListingModel NameBed/BathPriced From
Modera 44S1 StudioStudio,1BA$2,265
Washington Park Terrace1 Bedroom1BR,1BA$2,275
Olde Forge East TownhousesOne Bedroom1BR,1BA$2,275
Franklin Manor Apartments1BR/1BA1BR,1BA$2,450
Morris Crossing Townhouses1 Bedroom Deluxe LG1BR,1BA$2,469
Modera 55A141BR,1BA$2,595
The Carlton1 bedroom 1 bathroom1BR,1BA$2,595
The MonroeWilson1BR,1BA$2,604
Blair HouseONE BEDROOM. 1.5 BATH1BR,1BA$2,700
Eleven Dehartml-a021BR,1BA$2,825

Best Value Apartments for Rent in Downtown Morristown, NJ

As of May 25, 2026 the best value apartment in the Downtown Morristown area is the $2.08 price per square foot 50 Western Ave Model at 50 Western Ave, Unit 2L in the in the Downtown Morristown neighborhood starting from $4,150. The second greatest value Downtown Morristown apartment is the Three Bed Model at Carriage House Townhomes starting at $3,885 with a $2.21 price per square foot in the Downtown Morristown neighborhood. Here is today’s list of the best values for Downtown Morristown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
50 Western Ave, Unit 2L50 Western Ave4BR,2BA$2.08
Carriage House TownhomesThree Bed3BR,2.5BA$2.21
Franklin Hill Apartments2BR 2 Bath Fully Rented2BR,2BA$2.58
The Carlton1 bedroom 1 bathroom1BR,1BA$2.36
Blair HouseONE BEDROOM. 1.5 BATH1BR,1.5BA$2.54
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
Morris Crossing Townhouses1 Bedroom with Back Patio/Yard1BR,1BA$3.01
Modera 55A041BR,1BA$3.65
Franklin Manor Apartments1BR/1BA1BR,1BA$3.60
Washington Park Terrace1 Bedroom1BR,1BA$3.60

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Morristown, Morristown, NJ

Ranked #1

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Morristown Apartments

How much is rent for a Cheap One Bedroom Downtown Morristown Apartment?

The lowest price for a Cheap One Bedroom Downtown Morristown Apartment is $2,275 at Olde Forge East Townhouses.

What is the lowest price for a Cheap Two Bedroom Downtown Morristown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Morristown is starting from $2,900 at Morris Crossing Townhouses.

What is the most affordable Downtown Morristown Three Bedroom Apartment?

The best deal on a cheap Downtown Morristown Three Bedroom Apartment rental is at Carriage House Townhomes and starts from $3,885.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.